| KOTAK EQUITY ARBITRAGE FUND
An open-ended scheme investing in arbitrage opportunities
| KOTAK EQUITY ARBITRAGE FUND
An open-ended scheme investing in arbitrage opportunities

  

  
Investment Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.


Issuer/
Instrument		 Industry/
Rating		 % to Net
Assets		 % to Net
Assets
Derivatives

Equity & Equity related
HDFC Bank Ltd. Banks 5.64 -5.68
Tata Consultancy Services Ltd. IT - Software 2.57 -2.58
Reliance Industries Ltd. Petroleum Products 2.46 -2.47
Hindustan Aeronautics Ltd. Aerospace and Defense 1.85 -1.85
Bharat Electronics Ltd. Aerospace and Defense 1.65 -1.65
Adani Enterprises Ltd. Metals and Minerals Trading 1.58 -1.58
Bharti Airtel Ltd Telecom - Services 1.55 -1.56
Larsen And Toubro Ltd. Construction 1.45 -1.46
State Bank Of India Banks 1.41 -1.42
Bajaj Finance Ltd. Finance 1.38 -1.39
Others 54.61 -54.74
Equity & Equity related - Total 76.15 -76.38
Mutual Fund Units 19.98
Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD) 1.54
Triparty Repo 5.39
Net Current Assets/(Liabilities) -3.06
Grand Total 100.00

For detailed portfolio log on to
https://www.kotakmf.com/Products/funds/hybrid-funds/Kotak-Equity-Arbitrage-Fund/Dir-G

Mutual Fund Units as provided above is towards margin for derivatives transactions
Equity Derivative Exposure is 76.38%


Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of Rs 10000 Since Inception10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 22,60,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on June 28, 2024 (₹) 43,77,591 16,17,133 10,31,901 6,98,228 3,99,907 1,25,159
Scheme Returns (%) 6.57 5.82 5.80 6.02 6.98 8.19
Nifty 50 Arbitrage Index (%) NA 5.41 5.54 5.88 6.98 7.83
Alpha* NA 0.41 0.26 0.14 0.01 0.35
Nifty 50 Arbitrage Index (₹)# NA 15,83,068 10,22,509 6,95,859 3,99,867 1,24,938
CRISIL 1 Year T-Bill Index (₹)^ 42,28,043 16,29,757 10,30,594 6,91,937 3,96,510 1,24,647
CRISIL 1 Year T-Bill Index (%) 6.24 5.97 5.77 5.66 6.41 7.37

Scheme Inception : - September 29, 2005. The returns are calculated by XIRR approach assuming investment of ₹10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The SIP Performance is for Regular Plan – Growth Option Different plans have different expense structure. # Benchmark; ^ Additional Benchmark. TRI – Total Return Index, In terms of para 6.14 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI). Alpha is difference of scheme return with benchmark return. *All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Source: ICRA MFI Explorer.

Net Asset Value (NAV)
RegularDirect
Growth Rs34.9905Rs37.1667
Monthly IDCW Rs10.7200Rs11.2022
(as on June 28, 2024)

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW, Reinvestment of IDCW & Growth (applicable for all plans)


Fund Manager* Mr. Hiten Shah
BenchmarkNifty 50 Arbitrage Index
Allotment dateSeptember 29, 2005
AAUMRs46,453.18 crs
AUMRs47,999.69 crs
Folio count68,573

IDCW Frequency

Monthly (Monday preceding the last Thursday of the month)


Debt Quant & Ratios
Average Maturity 0.08 yrs
Modified Duration 0.08 yrs
Macaulay Duration 0.08 yrs
Annualised YTM* 7.11%
$Standard Deviation 0.71%
$Beta 0.86
$Sharpe## -1.50
P/E$$ 25.01
P/BV$$ 3.67
Portfolio Turnover 2,081.23%
*in case of semi annual YTM, it will be annualized.
$$Equity Component of the Portfolio.

Source: $ ICRA MFI Explorer.

Minimum Investment Amount

Initial & Additional Investment
• Rs100 and any amount thereafter
Systematic Investment Plan (SIP)
• Rs 100 and any amount thereafter

Ideal Investments Horizon

• 3 months & above


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load:
a) For redemptions/switch outs (including SIP/STP) within 30 days from the date of allotment of units: 0.25%
b) For redemptions/switch outs (including SIP/STP) after 30 days from the date of allotment of units: Nil


Total Expense Ratio**
Regular Plan: 1.01%
Direct Plan: 0.43%

Data as on 30th June, 2024 unless otherwise specified.


Fund



Benchmark



This product is suitable for investors who are seeking*:
  • Income from arbitrage opportunities in the equity market
  • Investment in arbitrage opportunities in the cash & derivatives segment of the equity market.

* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The above risk-o—meter is based on the scheme portfolio as on 30th June, 2024. An addendum may be issued or updated on the website for new riskometer.


## Risk rate assumed to be 6.86% (FBIL Overnight MIBOR rate as on 28th Jun 2024).**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'